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Press Release: CFPB Abandons Mandate to Protect People From Discrimination in Credit Markets
Today, the Consumer Financial Protection Bureau (CFPB) took the unprecedented step of eliminating key anti-discrimination protections under a final rule that will give lenders a free pass to discriminate and cut off access to critical lending programs put in place to help people long locked out of fair access to credit opportunities to build wealth.
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Press Release: Over 200 Organizations Urge House Financial Services Committee to Oppose Any Amendment to Delay or Weaken Small Business and Farm Fair Lending Law
“This attack on fair lending law would roll back an important economic and racial justice win for farms and small businesses,” said Patrick Woodall, managing director at Americans for Financial Reform. “Collecting this basic information is critical to enforcing civil rights laws and addressing the longstanding discrimination and inequality in access to credit for women and people of color who own businesses and farms.”
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Press Release: Congress Must Reject This Handout to Credit Reporting Agencies and Instead Strengthen the CFPB and the Credit Reporting Error Protections That People Rely On
Today, Americans for Financial Reform called on Congress to adopt comprehensive reforms for the credit reporting industry and the unregulated data broker market, rather than rolling back existing protections.